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Insolvency and bankruptcy code – towards achieving full potential

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: financial stability, banking regulation and supervision

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· Shaktikanta Das Wiki · Reserve Bank of India WikiInsolvency and bankruptcy code – towards achieving full potential

ContextKeynote address by Shaktikanta Das, Governor of the Reserve Bank of India, at the conference on Resolution of Stressed Assets and IBC – Future Road Map, organised by the Centre for Advanced Financial Research and Learning (CAFRAL), Mumbai, 11 January 2024.

Why it mattersDas argues the bankruptcy code has not yet reached its full potential for resolving bad loans.

Problems raised
  1. Stressed assets need fast resolution.
  2. The bankruptcy code is not fully effective.
  3. Credit markets need depth.
Solutions proposed
  1. Achieve the full potential of the bankruptcy code.
  2. Develop credit risk transfer markets.
  3. Diversify investors in stressed assets.
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